Global Patient Access Solutions Market

Patient Access Solutions Market Size, Share, Growth Analysis, By Product(web and cloud-based solutions and on-premises solution), By End-User(healthcare providers and HCIT outsourcing companies), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35G2229 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 59 | Figures: 75

Patient Access Solutions Market News

  • In July 2022, The Health Cloud firm, Innovaccer Inc., recently introduced its Denial Prevention and Recovery Accelerator, the newest enhancement to its Revenue AI vendor-neutral solutions that assist providers in quickly driving revenue cycle improvement to significantly enhance their financial performance.
  • In June 2022, Oracle has finished purchasing Cerner. By giving medical practitioners greater information and empowering them to make better treatment decisions that improve patient outcomes, Cerner and Oracle can revolutionize the way healthcare is delivered.
  • In January 2022, a 327-bed independent hospital, MarinHealth Medical Centre, and UnitedHealth Group partnered. The revenue cycle operational goals would be expanded by this agreement, and patients' experiences in Marin County, California will be improved. Additionally, Optum would provide revenue cycle management services and sustaining technologies, while MarinHealth would operate Optum technology to enhance experiences for patients and suppliers and streamline nonclinical administrative processes.
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Patient Access Solutions Market size was valued at USD 1.88 billion in 2022 and is poised to grow from USD 2.03 billion in 2023 to USD 3.72 billion by 2031, growing at a CAGR of 8.9% in the forecast period (2024-2031).

The competitive landscape of the global patient access solutions market is characterized by the presence of several prominent players striving to gain a significant market share. These companies offer a wide range of solutions and services designed to improve patient access to healthcare services. The market is highly competitive, with players focusing on innovation, research and development, strategic partnerships, and mergers and acquisitions to strengthen their market position. 'Epic Systems Corporation (US)', 'Cerner Corporation (US)', 'Allscripts Healthcare Solutions, Inc. (US)', 'McKesson Corporation (US)', 'Optum, Inc. (US)', 'GE Healthcare (US)', 'Athenahealth, Inc. (US)', 'Experian Health (US)', 'Quest Diagnostics Incorporated (US)', 'Siemens Healthineers AG (Germany)', 'eClinicalWorks LLC (US)', 'NextGen Healthcare, Inc. (US)', 'Epicure (US)', 'Change Healthcare (US)', 'Craneware plc (UK)', 'Zocdoc, Inc. (US)', 'Waystar (US)', 'Practice Fusion, Inc. (US)', 'R1 RCM Inc. (US)', 'Kareo, Inc. (US)'

To reduce costs and boost profits, insurance companies are increasingly rejecting claims from and coverage for those who are receiving treatment for chronic or persistent illnesses. Controlling operating costs is increasingly a bigger responsibility for healthcare providers. Due to these features, healthcare professionals can use healthcare IT solutions like patient access solutions to properly investigate disallowed claims. It is projected that the market pace will be set by the presence of regulatory compliances and governmental directives that support the growth of the patient access solutions market in the coming years.

One key trend in the global patient access solutions market is the increasing adoption of telehealth and virtual care. Telehealth solutions enable virtual consultations, remote monitoring, and secure communication between healthcare professionals and patients, eliminating the need for in-person visits in certain cases. This trend has been accelerated by advancements in technology, improved internet connectivity, and the growing acceptance of telehealth by both patients and healthcare providers. Telehealth not only enhances patients’ access to healthcare services, particularly for those in remote or underserved areas, but also improves efficiency, reduces healthcare costs, and increases convenience for patients. As a result, telehealth is expected to continue experiencing significant growth and play a pivotal role in shaping the patient access landscape in the coming years.

North America dominates the global Patient Access Solutions market. This dominance can be attributed to the advanced healthcare infrastructure, high adoption of healthcare IT solutions, and supportive government initiatives promoting the digitization of healthcare systems. The region's well-established healthcare organizations, including hospitals, clinics, and diagnostic centers, have been early adopters of patient access solutions, driving market growth. Additionally, the presence of major market players in North America contributes to its leading position. These companies have a strong customer base and extensive product portfolios, offering a wide range of patient access solutions to cater to the evolving needs of healthcare providers in the region.

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Global Patient Access Solutions Market

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